For investment in habitual residence that is considered protected

Regulations: Art. 6 Consolidated text of the legal provisions of the Principality of Asturias regarding taxes transferred by the State, approved by Legislative Decree 2/2014, of October 22

Amount and maximum limit of the deduction

• 100 percent of the amount of the actual expense paid during the tax period for the acquisition or rehabilitation of a habitual residence that is considered protected according to to state or regional regulations on the matter.

• Maximum limit: 5,000 euros, both in individual and joint taxation.

  Keep in mind that the amounts paid for the construction of the home can be taken into account to determine the maximum amount of the deduction.

Deduction base

• The basis of the deduction is constituted by the amounts invested during the year in the acquisition or rehabilitation of the home, including the amounts allocated to the amortization of mortgage loans.

  In the case of external financing, the deduction will be made as the principal is repaid, as long as all the requirements for the application of the deduction are met. 

  The regional regulations also allow the interest paid to be considered as an expense for the period.

Requirements and other conditions for the application of the deduction

• That the home has the protected rating in accordance with state or regional regulations on the matter.

• When two or more taxpayers are entitled to apply this deduction with respect to the same assets for the same tax period, the maximum amount of the deduction (5,000 euros) will be prorated between them in equal parts, applying the tax benefit only in the declaration of those who meet the conditions established to be beneficiaries of the same.

  To apply the proration, the number of taxpayers entitled to the deduction who choose to apply it and that the expense actually paid by each of them must be taken into account is greater than the maximum amount (5,000 euros). Otherwise, the maximum limit of the deduction for the taxpayer whose expense is less than will be set at the amount of the aforementioned effective expense.

• The documentary accreditation of the expenses that generate the right to deduction must be made by invoice or any other means of legal or economic traffic admitted by Law .

Temporal scope of application of the deduction

In the event that the taxpayer does not have sufficient full autonomous tax to apply the total deduction in the tax period in which the expense in the acquisition or rehabilitation is carried out, the amount not deducted may be applied in the following three tax periods until the total amount of the deduction has been exhausted, if applicable, respecting the maximum limit of 5,000 euros set for this deduction.

The application of the outstanding amounts from previous years will be carried out after applying the deductions for the year to which the taxpayer is entitled.

Note: The amount generated in 2023 must be recorded in box [0808] of Annex B.2 of the declaration and in box [0886] the amount that is applied, since, as has been indicated, if the full regional quota is not enough to apply the total deduction, it may be applied in the following three tax periods.